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. >>> well, the battle over sales tax for internet purchases heats up. >>> the most and least corrupt countries around the world. >>> plus, an eighth shark attack off the coast of maui in hawaii this season. this one is fatal. we'll have the details coming up next. ooh, homemade soup! yeah... [ male announcer ] campbell's homestyle soup with farm grown veggies. just like yours. huh. [ male announcer ] and roasted white meat chicken. just like yours. [ male announcer ] you'll think it's homemade. i love this show. [ male announcer ] try campbell's homestyle soup. before using her new bank of america credit card, which rewards her for responsibly managing her card balance. before receiving $25 toward her balance each quarter for making more than her minimum payment on time each month. tracey got the bankamericard better balance rewards credit card, which fits nicely with everything else in life she has to balance. that's the benefit of responsibility. apply online or visit a bank of america near you. >>> in the news this morning, a man fishing from a kayak off the coast of maui was atta
. >>> well, the battle over sales tax for internet purchases heats up. >>> the most and least corrupt countries around the world. >>> plus, an eighth shark attack off the coast of maui in hawaii this season. this one is fatal. we'll have the details coming up next. ooh, homemade soup! yeah... [ male announcer ] campbell's homestyle soup with farm grown veggies. just like yours. huh. [ male announcer ] and roasted white meat chicken. just like yours. [ male announcer ]...
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Dec 6, 2013
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that included their birthplace, their tax payments and a record of any and all encounters with police. and it would have to create boss, the bureau of state security which could use indefinite detention without trial. nelson mandela spent his life fighting against apartheid. he led that fight in the villages and on the streets of south africa and for 27 years managed to lead that fight from a prison cell, most of that time spent in a prison off the coast of south africa. after he conquered apartheid, he continued to fight apartness, because although apartheid law was gone, apartness remained in south africa, black and white continued to live mostly apart. if the 20th century had an indispensable man, it was nelson mandela, and south africans knew that. which is why they stood in line for so long when they were offered a chance to vote for him as president. he was as jacob zuma put it today, the country's greatest son. >> this is the moment of our deepest sorrow. our nation has lost its greatest son. >> shortly after the news of nelson mandela's death reached the white house president
that included their birthplace, their tax payments and a record of any and all encounters with police. and it would have to create boss, the bureau of state security which could use indefinite detention without trial. nelson mandela spent his life fighting against apartheid. he led that fight in the villages and on the streets of south africa and for 27 years managed to lead that fight from a prison cell, most of that time spent in a prison off the coast of south africa. after he conquered...
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i have a constructive suggestion we always get our tax to use the roads. we use the gas tax. back in the old days all the stars at 50 miles to the gallon. if we will tax according damage people use the roads as according to how much gas to use which is what they're really proposing, the people with these high-mileage tabriz should have to pay twice the sales tax as someone with a gas guzzler. it is the same where and tear on the roads. what really troubles me is how much they waste the gas tax money. we spend enough on the road, but it gets wasted because of federal money, whenever there is federal money involved we have to hire unionized workers. those wages are so out of whack with the market price that we can never afford the roads. melissa: i don't know. uni have been covering this for ever. we always said the only cure for high prices as high prices. they were really high. we did everything we could to fix that, drilling more, driving less, doing all this stuff. the government comes in and picked my pocket anyway. >> i'm telling you. and every mile that we drive right no
i have a constructive suggestion we always get our tax to use the roads. we use the gas tax. back in the old days all the stars at 50 miles to the gallon. if we will tax according damage people use the roads as according to how much gas to use which is what they're really proposing, the people with these high-mileage tabriz should have to pay twice the sales tax as someone with a gas guzzler. it is the same where and tear on the roads. what really troubles me is how much they waste the gas tax...
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Dec 5, 2013
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you can't have the jobs that invest in health care, the tax breaks are given to the rich -- >> you have a lot less productive -- productive consumption, essentially, the money points back to the economy. >> you don't have demand because people don't have jobs or they're working at low wage work. so you don't have the demand that would spark business investment. >> and the president today i think was making this very practical case, which was interesting, he kept saying it is not ideological, this is actually the thing that is not working. i think that pragmatic argument has been a rising argument in the last few years. >> oh, no, there has been speculation on the right wing, the left wing, the data is out, it is correlated with sluggish growth. that some of the most equal societies in the world actually have the highest economic growth and the more emphasis on education. we taught the nation and world on one category. we created after the recession more low income jobs, more low wage jobs than any other country, an advanced capitalist country. 25% of our jobs are paid 45% of the median
you can't have the jobs that invest in health care, the tax breaks are given to the rich -- >> you have a lot less productive -- productive consumption, essentially, the money points back to the economy. >> you don't have demand because people don't have jobs or they're working at low wage work. so you don't have the demand that would spark business investment. >> and the president today i think was making this very practical case, which was interesting, he kept saying it is...
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but what i'm worried about is more money from medicaid doubling the gas tax because we need more money, it's sort of the same theme. just throw more money at them. without accounting for the money we have already committed. and we keep doing it. >> we keep doing it because specialists special interest groups benefit. medicare and medicaid benefit and it's basically a way of artificially increasing demand and increasing the third-party payer which will lead to a lot more utilization of health care services n ways that there is no cost effectiveness order intelligent allocation of resources. and you're going to overprice your products because you know that consumers don't care and in this case american taxpayers. they are paying the bill. it's a cause some of what is going on with government in the health care sector generally. but as i said, i'm tryg to be optimistic and this might be the example that people need with genuine medicaid reform, do what was then the ryan budget. let's block this program back to the state. at least as new york state wants to waste money, only they will pick
but what i'm worried about is more money from medicaid doubling the gas tax because we need more money, it's sort of the same theme. just throw more money at them. without accounting for the money we have already committed. and we keep doing it. >> we keep doing it because specialists special interest groups benefit. medicare and medicaid benefit and it's basically a way of artificially increasing demand and increasing the third-party payer which will lead to a lot more utilization of...
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don't forget how we pay for those benefits through payroll taxes. how crazy is this program? pretax employers for hiring them and pay people not to work? is one of the craziest programs. >> i think there is some truth to your argument that may come as a surprise but there are also factors to be weighed entire sectors were wiped out in the last recession so it is hard to find suitable employment. >> gives the economy and adapt. >> sometimes you need more time to do that and that is why you get more time. >> died nine weeks? , 99 weeks? jedi that should do it if you cannot block did you go work at mcdonald's sadek but they're not be anymore because we will raise the battle waged. [laughter] dennis: it is set to stop talking but i could be a lot of a job here soon. nice job today. what you see it? the question of that i should the government extend unemployment benefits even if that adds to of employment? log on and we will shut -- share the results at the end of the show. more examples of past government god too far? have the problems plaguy obamacare and the white house said t
don't forget how we pay for those benefits through payroll taxes. how crazy is this program? pretax employers for hiring them and pay people not to work? is one of the craziest programs. >> i think there is some truth to your argument that may come as a surprise but there are also factors to be weighed entire sectors were wiped out in the last recession so it is hard to find suitable employment. >> gives the economy and adapt. >> sometimes you need more time to do that and...
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the last thing they want to do is think about taxes and tax planning. but you're going to want to hear about this. we are here to help you get ready with a users guide to taxes on your ultimate guide to year-end tax moves. today we are going to tell you moves you could make. dominic, it's great to have you here. before we get into good solutions, let's talk briefly about big changes coming. >> yes, people are going to be surprised. a lot of ancillary taxes and all of them are going to hit you hard by april 15 the next year. most people are flying under the radar, they don't know and they're going to be in for a rude awakening. he won a lot of people are running their taxes ahead of time, trying to figure out what this is going to be. and what we are hearing is that more and more people are going to be paying 50% of their income or more in taxes and i means one out of every $2 to the tax man? >> it easily can get into that kind of range. so you have a couple weeks left in the year, a couple of moves and is not enough, think positively and take a little t
the last thing they want to do is think about taxes and tax planning. but you're going to want to hear about this. we are here to help you get ready with a users guide to taxes on your ultimate guide to year-end tax moves. today we are going to tell you moves you could make. dominic, it's great to have you here. before we get into good solutions, let's talk briefly about big changes coming. >> yes, people are going to be surprised. a lot of ancillary taxes and all of them are going to hit...
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you can get back to work your effective tax rate is so high as those benefits fade out or go away it's a disincentive and a trap to climb out of poverty. you need to work how to make the programs work better so it's more of a slope getting out. obama care, unemployed on medicaid, you go back to work you lose your health insurance. >> if you look at the statistics about federal assistance programs, people getting unemployment, long-term unemployed are three times more likely -- looking for work three times harder than average recipients of unemployment benefits because of provisions that make it difficult to be on federal assistance programs without looking for work or being a lazy welfare queen. >> you have people faced with the choice of being out of work, medicaid, low wage job without health insurance, it's a very challenging situation for people. you need to come up with a way to structure these programs so they support people in need and continue to support them as they are low wage workers so they can climb out of poverty. >> as a farm bill, everybody knows, deals with it knows t
you can get back to work your effective tax rate is so high as those benefits fade out or go away it's a disincentive and a trap to climb out of poverty. you need to work how to make the programs work better so it's more of a slope getting out. obama care, unemployed on medicaid, you go back to work you lose your health insurance. >> if you look at the statistics about federal assistance programs, people getting unemployment, long-term unemployed are three times more likely -- looking for...
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cuts to special interest tax breaks. we've been denied an opportunity to vote on that just like the comprehensive immigration bill. >> what about iran. president rouhani gave an interview over the weekend basically saying iran has it right and will have the right to enrich uranium. he's pocketing that as something achieved from the negotiations not something decided in the final agreement six months from now. what about congress pushing -- certainly in the senate pushed by menendez, council on foreign relations impose sanctions or at least the threat of sanctions. where do you stand on that? the president is fight it tooth and nail. >> yes, andrea. two things. first of all, you know the expression right tonight rich is not in the agreement. it says you have to have a neutraly agreeable program. i think both would agree right to free speech dnd on being able to veto anything he said, you would not think that was a right to free speech. with respect to additional sanctions, we should be very careful. we need to tread very
cuts to special interest tax breaks. we've been denied an opportunity to vote on that just like the comprehensive immigration bill. >> what about iran. president rouhani gave an interview over the weekend basically saying iran has it right and will have the right to enrich uranium. he's pocketing that as something achieved from the negotiations not something decided in the final agreement six months from now. what about congress pushing -- certainly in the senate pushed by menendez,...
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they go out and put it into tax shelters and they go out and invest it, which is great. but on a dollar-for-dollar basis, the money that goes into food stamps and unemployment benefits goes right back in the economy, because people who have them need to spend them. >> and there used to be a bipartisan understanding about these kinds of things, but that's disappeared. let's listen to what john boehner said about this. >> if the president has a plan for extending unemployment benefits, i'd sure entertain taking a look at it. but i would argue the president's real focus ought to be creating a better environment for our economy and creating more jobs for the american people. that's where the focus is. not more government programs. >> robert reich, that is actually the most reasonable thing i can find that a republican has said about this. that's as good as it gets. >> but john boehner and much of the rest of the republican party really do believe that somehow the job creators in this country are the rich, the people who run corporations, the people who run wall street. but t
they go out and put it into tax shelters and they go out and invest it, which is great. but on a dollar-for-dollar basis, the money that goes into food stamps and unemployment benefits goes right back in the economy, because people who have them need to spend them. >> and there used to be a bipartisan understanding about these kinds of things, but that's disappeared. let's listen to what john boehner said about this. >> if the president has a plan for extending unemployment...
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and also, alex, there are no big tax cuts or spending hikes that are -- spending cuts or tax hikes on the more vie zone. that speaks to the fact that even though you still have democrats, republicans duking it out this, latest budget battle might not threaten what seems to be a recovery that is picking up speed. alex? >> okay. kristen welker, thank you for that. here's our question for you. in light of the improved jobs picture, do you sense the economy has improved. >>> snow sleet, and ice, millions of americans bracing for icy conditions as the storm moves east. it is being blamed for at least 10 deaths. icy conditions are making drive perilous. >> my car was kind of weaving back and forth just because it was so slick. >> and it's scary too. in cincinnati, a bus hit several parked cars while the driver tried to manage the icy roads. in kentucky, they were so slick a salt truck overturned after a driver said his tires went off the side of the road. >>> in dallas, heavy snow and ice caused two marinas to collapse. it has canceled two marathons, one in dallas and another in memphis. fo
and also, alex, there are no big tax cuts or spending hikes that are -- spending cuts or tax hikes on the more vie zone. that speaks to the fact that even though you still have democrats, republicans duking it out this, latest budget battle might not threaten what seems to be a recovery that is picking up speed. alex? >> okay. kristen welker, thank you for that. here's our question for you. in light of the improved jobs picture, do you sense the economy has improved. >>> snow...
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Dec 6, 2013
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now, he's going to unveil this economic plan for this financially struggling city which focuses on tax cuts in lieu of government stimulus programs. we know now because a federal judge said because it is a city that's eligible to file nor chapter 9. so is this part of the trip clearly a political one to wrangle more votes towards the republican party. but is rand paul a true economic crusader like detroit needs? >> he's not the crusader that detroit needs right now. if you cut away from a lot of the flash, what you're looking at here is a good old trickle down economics. the idea is if you cut taxes for those at the top of the scale, you're going to generate enough economic activity to provide employment opportunities for everybody else. that has not worked on a national scale, and it's going to be particularly i think fool hearted in a place like detroit which actually needs support. not permanent, not forever, but to just get back on its feet. i think that's quite clear if you look at what the city's been going through. >> jared bernstein former chief economist for vice president joe
now, he's going to unveil this economic plan for this financially struggling city which focuses on tax cuts in lieu of government stimulus programs. we know now because a federal judge said because it is a city that's eligible to file nor chapter 9. so is this part of the trip clearly a political one to wrangle more votes towards the republican party. but is rand paul a true economic crusader like detroit needs? >> he's not the crusader that detroit needs right now. if you cut away from a...
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why would we need more corporate profiteering, lower taxes, and less government investment? >> so i think also there's a consensus position around the fact that government should be involved in building roads and post offices. nobody's objecting to that, right? >>> well, some of the libertarians are. >> not really. if the only thing the government did was build highways i think libertarians like rand paul would be very happy. right? but that's a fraction of the federal government -- >> why we can't get a transportation bill passed. traditionally, that -- i think he's correct in this sense. that's traditionally been the position i think of a lot of mainstream conservatives. but what i've seen as a departure, a departure from the idea that we held in this country that it was a combination of government and the private sector, not government versus, government against. and we had a debate about the degree, the extent, the roles, the responsibilities. i see a different kind of debate where either the government is all friend or all foe or the private sector is all friend and all
why would we need more corporate profiteering, lower taxes, and less government investment? >> so i think also there's a consensus position around the fact that government should be involved in building roads and post offices. nobody's objecting to that, right? >>> well, some of the libertarians are. >> not really. if the only thing the government did was build highways i think libertarians like rand paul would be very happy. right? but that's a fraction of the federal...
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not only considerably more expensive due to taxes and other issues. pushing $10 a gallon. how do you get people to drop money and how much is the price? >> great value in very affordable. your question is important. it is the same strategy that ford implemented in the united states during the worst of times it is it wanted to make sure that we invested in the product and had it available. so we are going to introduce over 25 new vehicles in europe over the next couple of years led by the mustang itself as well as contribute to the economic recovery. liz: let's go inside. we are on 48 street and sixth avenue. want you to get in the driver's seat. that is where he belongs. this is it. tell us about some of the newer features. cozy. >> this is the new mustang. and the inside is all around in aviation team. you can see the beautiful analog devices, the toggle switch is the set your right in your comfort level. everything is made to be absolutely hands on the wheel, eyes on the road. brushed aluminum, new material. but the neatest thing about this is it is all about you. you ca
not only considerably more expensive due to taxes and other issues. pushing $10 a gallon. how do you get people to drop money and how much is the price? >> great value in very affordable. your question is important. it is the same strategy that ford implemented in the united states during the worst of times it is it wanted to make sure that we invested in the product and had it available. so we are going to introduce over 25 new vehicles in europe over the next couple of years led by the...
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this means states will soon start collecting internet sales taxes, fast-food workers, will walk out of job thursday to protest federal minimum wage, protesters are calling for $15 an hour, a lot of people think such a raise is possible. >> bank of america will they more than $400 million to freddy back for bad home loans sold since 2000. >> those are some hot stories right now on fox business.com. >> still to come, my two cents more, it happens to the best of us, a thanksgiving food binge that sets you up for a bad holiday eating track. how to get you on the right track, coming up. so i can reach ally bank 24/ but there are no branches? 24/7. i'm sorry, i'm just really reluctant to tryew things. really? what's wrong with trying n things? look! mommy's new vacuum! (cat screech) you feel that in your muscles? i do... drink water. it's a long story. well, not having branches let's us give you great rates and service. i'd like that. a new way to bank. a better way to save. ally bank. your money needs an ally. every day we'reorking to and to keep our commitments. and w've made a big commitm
this means states will soon start collecting internet sales taxes, fast-food workers, will walk out of job thursday to protest federal minimum wage, protesters are calling for $15 an hour, a lot of people think such a raise is possible. >> bank of america will they more than $400 million to freddy back for bad home loans sold since 2000. >> those are some hot stories right now on fox business.com. >> still to come, my two cents more, it happens to the best of us, a...
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and again, a hike in the national gas tax as well. again, not happening. but my next guest says that that is okay by him. and so, you like the fact that they are not doing all of these things. is that right? >> yes, if they try to bite off more than they can chew, the american people get kind of jumpy. but the reality is what small business owners need, they need stability and right now it's not the worst thing in the world. because think about every time they make a decision, usually they are trying to make this grand bargain and this enormous decision and it's not going to work. >> the big thing that is going on is nothing. and i think that the republicans learned a lesson and they want to talk about obamacare because it works. >> but maybe they are so sick and tired of this big government, that it was right and the republicans views. >> many people say that running campaigns come they want to see sensible solutions and both sides give something in what they don't want to see is hate and discontent. >> this was based on a slow-moving ship. the american p
and again, a hike in the national gas tax as well. again, not happening. but my next guest says that that is okay by him. and so, you like the fact that they are not doing all of these things. is that right? >> yes, if they try to bite off more than they can chew, the american people get kind of jumpy. but the reality is what small business owners need, they need stability and right now it's not the worst thing in the world. because think about every time they make a decision, usually...
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. >> i owned restaurants and i pay taxes on it. it causes unemployment. >> what do you say to people who lose jobs? >> listen to me. >> that doesn't help. minimum wage has nothing to do with it. >> the increase is 5% in the last 35 years. this is not america. >> we have already doubled. >> this is america. i'm proud of my country. >> we have doubled the number of people on food stamps. >> you are against filibusters. >> here's the problem. what is jamu going to say to people who lose the jobs? >> section 8 housing, food stamps. >> when you pay a minimum wage -- >> no, raise the cost of products and people buy fewer. >> people on a poverty wage, they have to get food stamps. they have to be on medicaid. >> there will be fewer people employed. sean hannity, go to mcdonald's, wendy's and say who in line the to buy hamburger wants to pay additional money for it? it will raise the price of the burger. >> you will lower the amount of people on food stamps. you will lower -- >> you're making it up. >> this is a fact. >> you're not looking
. >> i owned restaurants and i pay taxes on it. it causes unemployment. >> what do you say to people who lose jobs? >> listen to me. >> that doesn't help. minimum wage has nothing to do with it. >> the increase is 5% in the last 35 years. this is not america. >> we have already doubled. >> this is america. i'm proud of my country. >> we have doubled the number of people on food stamps. >> you are against filibusters. >> here's the...
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and wait until som geek taxes it and it's redirected somewhere else. we [kevin] paul and i have beenf. [paul] well...forever. [kevin] he's the one person who loves pizza more than i do. aul] we're obsessed. [kevin] we decided to make our obsession our livelihood. [kevin] business was really good. [kevin] then our sauce supplier told me: "you got to get quickbooks." [kevin]quickbooks manages money, tracks sales and expenses. [paul] we even use it to accept credit cards. [paul] somebody buys a pie with a credit card, boom, all the accounts update. [paul] when we started hiring,we turned on payroll. evin] it's like our pizza.you add the toppings you want, leave off the ones you don't. [kevin] now business is in really great shape. [announcer] start using intuit quickbooks for free at quickbooksot-com. you are gonna need a wingman. and with my cash back, you are money. forget him. my airline miles will take your game worldwide. what i'm really looking for is -- i got two words for you -- re-wards. ♪ there's got to be better cards than this. [ male announ
and wait until som geek taxes it and it's redirected somewhere else. we [kevin] paul and i have beenf. [paul] well...forever. [kevin] he's the one person who loves pizza more than i do. aul] we're obsessed. [kevin] we decided to make our obsession our livelihood. [kevin] business was really good. [kevin] then our sauce supplier told me: "you got to get quickbooks." [kevin]quickbooks manages money, tracks sales and expenses. [paul] we even use it to accept credit cards. [paul] somebody...
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the company also has a history trying to uild the tax system in hawaii and nothing more. and so at about $750 per enrollee in hawaii at this point. neil: summer working through their own exchanges and what have you. in time will heal a lot of it. what do you find? >> i don't think so. you can talk about the website in one issue, you can talk about it in another. we are seeing that the premiums are increasing by 22% for the interesting thing is that 8% of the population is uninsured and the majority people are insured through their employer. as we have create a system where we are spending 205 million federal dollars in hawaii to enroll a percent of the population, with only 257 people have actually signed up. so once we see this -- nationally, it the majority is don't want to sigorsing that trs well. be. neil: the republican governors aren't going along, they don't match and this has happened other states it really doesn't matter. >> it is a mess because you talk about the government trying to create a marketplace and a system that didn't work. so we have seen problems in
the company also has a history trying to uild the tax system in hawaii and nothing more. and so at about $750 per enrollee in hawaii at this point. neil: summer working through their own exchanges and what have you. in time will heal a lot of it. what do you find? >> i don't think so. you can talk about the website in one issue, you can talk about it in another. we are seeing that the premiums are increasing by 22% for the interesting thing is that 8% of the population is uninsured and...
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Dec 8, 2013
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give parents more school choice and education tax credits. and loosen visa rules to encourage foreign sbe pentrepre to open businesses. senator, while critics say those are all good ideas, you've got to pour more government money into those inner cities if you're going to make a difference. >> well, chris, it hasn't worked. i mean, the president poured a trillion dollars into the nation's economy. when you divided it out it was about $400,000 per job. the problem with a government stimulus is you pick the winners and losers. with this stimulus that i'm talking about, a free market stimulus, you simply leave the money in the hands of those who earned it. so the customers have actually picked out the successful people, the ones they choose to buy products from. those people get more money. like i met a young man, young african-american man who has his own restaurant. his first question is, do you have any tax breaks for me for my business? that's what this would do. it would help people who are already in business and trying. >> i don't have to
give parents more school choice and education tax credits. and loosen visa rules to encourage foreign sbe pentrepre to open businesses. senator, while critics say those are all good ideas, you've got to pour more government money into those inner cities if you're going to make a difference. >> well, chris, it hasn't worked. i mean, the president poured a trillion dollars into the nation's economy. when you divided it out it was about $400,000 per job. the problem with a government...
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but the left wants more spending and even higher taxes. simply put, the big government spending machine has not helped the economy very much. but again, liberal theory trumps results. >> the idea that so many children are born into poverty in the wealthiest nation on earth is heartbreaking enough, but the idea that a child may never be able to escape that poverty because she lacks a decent education or health care or a community that views her future as their own? that should offend all of us. >> well, it certainly offends me. if children are not getting a good education or do not have proper health care, i'm offended. but you cannot bankrupt the entire nation on some ideological quest for income equality. in a capitalistic system, that's impossible. a "wall street journal" editorial yesterday was blunt -- "mr. obama returned to his favorite theme of rising income inequality. he ought to know since few presidents have done more to increase inequality than he has. median household income has fallen since the economic recovery began, while t
but the left wants more spending and even higher taxes. simply put, the big government spending machine has not helped the economy very much. but again, liberal theory trumps results. >> the idea that so many children are born into poverty in the wealthiest nation on earth is heartbreaking enough, but the idea that a child may never be able to escape that poverty because she lacks a decent education or health care or a community that views her future as their own? that should offend all...
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i mean how many people in new york state who were spending 50% of everything that they make in taxes, say hey listen, i would be willing to spend another 5% more to make the trains and bridges and airports better. who trusts government any more to do that? >> listen, my question for the group as a whole is everyone who has read about these incredibly hi-tech high-speed trains in europe and asia, it's not like they haven't been proposed in florida. there was a proposal for a high-speed train. but in this country is there an appetite, because joe said is the problem we don't throw enough money. your points about percentage of gdp. we're spending more and more money on ballooning entitlements. we spend plenty of money on infrastructure. if you drive from new york to maine you can see how different states manage their infrastructure dollars differently by when the potholes end and start up again. >> one they are thing about percentage of gdp. dwight eisenhower didn't have made care and medicaid take up the budget. all of the percentages are going to be declining including defense. >> i ag
i mean how many people in new york state who were spending 50% of everything that they make in taxes, say hey listen, i would be willing to spend another 5% more to make the trains and bridges and airports better. who trusts government any more to do that? >> listen, my question for the group as a whole is everyone who has read about these incredibly hi-tech high-speed trains in europe and asia, it's not like they haven't been proposed in florida. there was a proposal for a high-speed...
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they look at death taxes. they look at income taxes. even though they candying up some studies every now and then that purport to show this has no effect, the fact is a lot of people move to florida, people move to texas and some people even move to states like wyoming, nevada and state of washington. david: people affected are very small, 1.4%, but when you look at the disproportionate amount of money that 1.4% pays in tax, that could be a big, if they move out, that could be a big crimp in an already-strained budget in new york. >> that's right. new york already has when you combine city and state taxes one of the highest tax burdens in the country. it devastated new york state. look at up state. again to think new york city's impervious to these kind of demand, look what happened in the 1960s and '70s they literally drove the city to bankruptcy. so why start on that path again? david: let's talk a little bit about the rhetoric of income disparity. we heard the president talking about it. there is bigger gap between the richest and po
they look at death taxes. they look at income taxes. even though they candying up some studies every now and then that purport to show this has no effect, the fact is a lot of people move to florida, people move to texas and some people even move to states like wyoming, nevada and state of washington. david: people affected are very small, 1.4%, but when you look at the disproportionate amount of money that 1.4% pays in tax, that could be a big, if they move out, that could be a big crimp in an...
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it means that new york will continue to collect taxes from those online retailers. david: shares of dow chemical jumping after the company will sell the bulk of its coring operations, its oldest business, part of a plan to shed assets worth up to $4 billion. liz: managed care giant, unitedhealth group forecast estimates that fall short of analyst expectations following changes in medicare and other bought health programs. david: commuters heading home from new york this even being will face more disruption after the crash of the metro-north train in the bronx yesterday. four people were killed and dozens were injured. workers are still working to clear some of the weakage. "after the bell" starts right now. liz: on this first trading day of december let's break down today's action. we have david lutz, still nicholas managing director. he will tell us the top places to put your money right now, and lincoln ellis in the pits of the cme. lincoln, start with you. a little bit of retrenchment to the downside at the last second of the markets. tell us what the real feel i
it means that new york will continue to collect taxes from those online retailers. david: shares of dow chemical jumping after the company will sell the bulk of its coring operations, its oldest business, part of a plan to shed assets worth up to $4 billion. liz: managed care giant, unitedhealth group forecast estimates that fall short of analyst expectations following changes in medicare and other bought health programs. david: commuters heading home from new york this even being will face...
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web retailers lost on the tax front today. the u.s. supreme court ruled to keep a new york law intact forcing internet retailers to collect sales tax from its customers even if the company does not operate in a facility in that state. stocks falling today as spending over the thanksgiving holiday fell for the first time since 2009. bloomberg entex also falling, as well. and beyonce was the most searched person this year on microsoft's bing. she topped kim kardashian. woman dominated the searches this year. dan, carolyn, back to you. >> emily, thanks so much. are those delivery drones unbelievable? well, facebook thinks it has come up with a polite way to avoid the posts from your friends that you're not interested in reading. the social network will soon allow years to unfollow friends whose comments and updates they want to remove from their news feed. it will replace the current hide all button. the unfollow button will let users block content they don't want to see from their friends without going as far as defriending them. your fr
web retailers lost on the tax front today. the u.s. supreme court ruled to keep a new york law intact forcing internet retailers to collect sales tax from its customers even if the company does not operate in a facility in that state. stocks falling today as spending over the thanksgiving holiday fell for the first time since 2009. bloomberg entex also falling, as well. and beyonce was the most searched person this year on microsoft's bing. she topped kim kardashian. woman dominated the...
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which means that this administration now has missionaries and navigators and a tax hour and a grassroots army organizing for action, all pushing obamacare. they certainly have their work cut out for them. twenty-one of 36 states now have embraced the president's so-called fix for obamacare to the almost 5 million people whose coverage has been canceled by insurance companies. senator harry reid is offering to exempt his staff from buying insurance through the laws of exchanges and the other three congressional leaders include john boehner,, nancy pelosi, and mitch mcconnell, and they all have told their staff to join the exchange. on wall street today, stocks in the dow jones down and the nasdaq up a fraction. european regulators fined six financial institutions, a record 2.3 billion, for conspiring to interest rate manipulate interest rates. mgm selling its remaining 10% stake on allied financial. the carmakers lending arm getting about $900 million. the government remains the majority shareholder, which received a 17 billion-dollar bailout during the crisis, of which they have repaid t
which means that this administration now has missionaries and navigators and a tax hour and a grassroots army organizing for action, all pushing obamacare. they certainly have their work cut out for them. twenty-one of 36 states now have embraced the president's so-called fix for obamacare to the almost 5 million people whose coverage has been canceled by insurance companies. senator harry reid is offering to exempt his staff from buying insurance through the laws of exchanges and the other...
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you don't pay the taxes. now the other part about it i think people need to look into, in 2007 he had over $9 million worth of stocks. it went up 147%. 2007 a cusp at the top, the market crashed. from the january low. not from 2007, what stocks was he holding? do they benefit from his power or government regulations, i want to know what stocks this guy was holding and why they went up so much. stuart: well said, because we don't know the whole story. the shock value as a man like him has $18 million to lose me first place place and getting around capital gains tax. charles: in the same scheme, where is he getting this cash? stuart: we will hear more. your take on your loss of privacy is next. yep. got all the cozies. [ grandma ] with n fedex one rate, i could ll a box and ship it r one flat rate. so i kn untilt was full. you'd be crazy not to. is tt nana? [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. with fidelity's options platform, we've completely integrated e
you don't pay the taxes. now the other part about it i think people need to look into, in 2007 he had over $9 million worth of stocks. it went up 147%. 2007 a cusp at the top, the market crashed. from the january low. not from 2007, what stocks was he holding? do they benefit from his power or government regulations, i want to know what stocks this guy was holding and why they went up so much. stuart: well said, because we don't know the whole story. the shock value as a man like him has $18...
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and that's a good deal for them despite new taxes and regulations. so a lot of division in washington, a lot of back and forth. that's just part of life here. but certainly the insurance industry will benefit. >> doesn't fact the vast majority of white house get our health insurance appance from our employers, but other people are not affect -- for everybody else, go out and check it out yourself. don't listen to the narrative on either side. find out how it affects you and your family. thank you very much. >> thank you. >> the los angeles county coroner's office reports it will soon release the results of an autopsy on actor paul walker. in fact we could get it as early as today. paul walker died saturday when a porsche in which he was riding crashed into a tree in los angeles and burst into name investigators have said all along that speed was indeed a factor. medical examiners say paul walker runs body, along with the driver's body, are unidentifiable. they're reportedly waiting for paul walker's dental records to normally identify his remains. >>
and that's a good deal for them despite new taxes and regulations. so a lot of division in washington, a lot of back and forth. that's just part of life here. but certainly the insurance industry will benefit. >> doesn't fact the vast majority of white house get our health insurance appance from our employers, but other people are not affect -- for everybody else, go out and check it out yourself. don't listen to the narrative on either side. find out how it affects you and your family....
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. >> the tax sector in columbia. >> terrorism is a global problem as opposed to a regional problem. what specifically can columbia do working in conjunction with the united states to condition combatting global terror? >> we have learn and paid a very high cost in our war against terror and against drug trafficking. we have know how. intelligence and we have probably the best trade police and elite forces in all of latin america. we are training more than 17,000 soldiers or policemen from central america from mexico. from other areas. we can continue to work together. terrorism, you might terrorism with different instruments. one of them is intelligence. that is a key issue. >> president juan manuel santos, thank you very much. >> number four, the number four worst opportunity they are ranked fourth on the planet. >> that are is exciting. all right. i hope we don't get columbia. >> in the next round. >> up next, making things happen. that's giving a big boost. how they are bringing healthy eating and jobs to communities across the east coast. we'll be right back. [ imitating car eng
. >> the tax sector in columbia. >> terrorism is a global problem as opposed to a regional problem. what specifically can columbia do working in conjunction with the united states to condition combatting global terror? >> we have learn and paid a very high cost in our war against terror and against drug trafficking. we have know how. intelligence and we have probably the best trade police and elite forces in all of latin america. we are training more than 17,000 soldiers or...
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that is the one thing i have to say i enjoy about making money, paying my taxes. stuart: anybody that can convert mob wife image into million dollars gets my vote. good luck with the books and good luck with the new series tomorrow night. >> thank you. stuart: your take on the poster boyd of corporate greed. your take on that is next. i didn't know the coal thing was real. it's very real... david rivera. rivera, david. [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. if every u.s. home replaced one light bulb with a compact fluorescent bulb, the energy saved could light how many homes? 1 million? 2 million? 3 million? the answer is... 3 million homes. by 2030, investments in energefficiency could help americans save $300 billion each year. take the energy quiz. energy lis here. stuart: last hour i gave my take on than is being released on parole next week. is your take. he was over the top and hard to like. if he was in government, he would have been a hero. anne-marie tweet too bad prosecutors can't go after government
that is the one thing i have to say i enjoy about making money, paying my taxes. stuart: anybody that can convert mob wife image into million dollars gets my vote. good luck with the books and good luck with the new series tomorrow night. >> thank you. stuart: your take on the poster boyd of corporate greed. your take on that is next. i didn't know the coal thing was real. it's very real... david rivera. rivera, david. [ male announcer ] fedex one rate. simple, flat rate shipping with the...
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i don't know where you are going to find the money except for the tax payer's pockets. >> just a few days after getting busted stealing a fan's seat at the buffalo bill's game in toronto he took an opportunity to weigh in on the washington redskins and their controversial name. >> why don't we look at the cleveland indians what do we call them next the cleveland aboriginals? it has been around for years and years. if they were offended when the name was first initiated when you started playing. how long have the skins have the name for? how long have the chiefs had the name for or cleveland indians had the name for years and years. all of a sudden the politically correct people have to come out now. i think everything is fine and i would just stick with the name. >> new details about an american teacher gunned down in the streets of benghazi. ronny smith taught chemistry at the benghazi school for over a year. he was days away from returning to the u.s. to be with his wife and child over christmas. he was shot while he was jogging by someone in a black suv near the u.s. consulate whe
i don't know where you are going to find the money except for the tax payer's pockets. >> just a few days after getting busted stealing a fan's seat at the buffalo bill's game in toronto he took an opportunity to weigh in on the washington redskins and their controversial name. >> why don't we look at the cleveland indians what do we call them next the cleveland aboriginals? it has been around for years and years. if they were offended when the name was first initiated when you...
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we can't do that, it wouldn't work and the president is not going to cut taxes, not going to stimulate private sector demand. we're a real mess if we get into a recession, aren't we? >> what you're saying is, it seems like policy makers are coming out and that's the worry. is it possible that we plod along? president obama doesn't care about ten years from now, he cares about the next three years. is it possible that we plod along? >> he doesn't care about the next three years, does he care about his ideology and where he stands with the people that believe in that ideology, or america and the economy. and it seems he's more concerned with years from now. >> the point about natural gas, why don't we see the l and g terminals on every coast and every city. line let's export natural gas. that he is a conflicts with the ideology. stuart: we know you as a trader, we have to ask the following question. what's the worst trade you ever made. >> simple, warren buffett said what you should do when you buy stocks, go to your house and buy the companies of the things that you use every day. stuar
we can't do that, it wouldn't work and the president is not going to cut taxes, not going to stimulate private sector demand. we're a real mess if we get into a recession, aren't we? >> what you're saying is, it seems like policy makers are coming out and that's the worry. is it possible that we plod along? president obama doesn't care about ten years from now, he cares about the next three years. is it possible that we plod along? >> he doesn't care about the next three years, does...
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buttence in terms of spending programs, not closing top programs, raising rates, for republicans on taxes, but they have shuffling things around to relieve the budget sequester which both parties want to see happen. >> where is the area of compromise greatest, jon, and what are the issues they are willing to compromise on? >> it's different for different people. republicans and some democrats including chuck hagel at the pentagon who don't like the level of defense spending the way it's squeezed by the budget sequester and it gets squeezed more in 2014 by the sequester proportionately than domestic programs do. that gives some impetus for republicans to go along. democrats are raising the caps by an equal amount on the domestic side of the budget. these are things, priorities the democrats have for social programs, republicans have for defense, which are getting relieved and stitching together solutions to fill in the gaps financially even at a little deficit reduction on top of that, things like raising the fees for airline companies pay for for airport security, that's on the revenue si
buttence in terms of spending programs, not closing top programs, raising rates, for republicans on taxes, but they have shuffling things around to relieve the budget sequester which both parties want to see happen. >> where is the area of compromise greatest, jon, and what are the issues they are willing to compromise on? >> it's different for different people. republicans and some democrats including chuck hagel at the pentagon who don't like the level of defense spending the way...
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states reportedly lose $23 billion a year in uncollected sales taxes from online retailers. >>> u.s. manufacturing grew last month at the fastest pace since april of 2011. that is according to the ism index. manufacturing rose in november to 57.3. that is up from 56.4. that is the reading for october. and highest reading in 2 1/2 years just clocked in. >>> dow chemical is weighing options to sell most of its chlorine operations its oldest business as part after plan to sell assets worth 3 to $4 billion. dow is moving away from chemical production, to focus on electronics, packaging and agriculture. that is the latest from "fox biz." adam: bill ackman may be disengaging from the media but is he actually going away? charlie gasparino joins us looking like spock from the alternate universe in that episode from "star trek" with the pointy ears. what is with the beard real quick? >> i just didn't feel like shaving for couple days. i looked in the mirror, doesn't look that bad. i tried it a few times. and, i'm seeing what happens. lori: new mirror. adam: there you go. you're speechless. wh
states reportedly lose $23 billion a year in uncollected sales taxes from online retailers. >>> u.s. manufacturing grew last month at the fastest pace since april of 2011. that is according to the ism index. manufacturing rose in november to 57.3. that is up from 56.4. that is the reading for october. and highest reading in 2 1/2 years just clocked in. >>> dow chemical is weighing options to sell most of its chlorine operations its oldest business as part after plan to sell...
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lori: big tax fighting back, some of the sector's biggest names callin: on washington to b government surveillance. their plan straightahead but first time for stocks now, let's head to the floor the new york stock exchange with nicole petallides. stocking sendin extending fridag jobs inspired jump. nicole: that is) jobs inspired jump, without enough to push us over the unchanged line for the week but we did have a nice gain on friday, 200 planes worth. today adding 19 points, that pales in comparison but still end up arrow nonetheless. at least has been kept to the upside up about one-tenth of 1% to a quarter of a percent. it is worth watching the
lori: big tax fighting back, some of the sector's biggest names callin: on washington to b government surveillance. their plan straightahead but first time for stocks now, let's head to the floor the new york stock exchange with nicole petallides. stocking sendin extending fridag jobs inspired jump. nicole: that is) jobs inspired jump, without enough to push us over the unchanged line for the week but we did have a nice gain on friday, 200 planes worth. today adding 19 points, that pales in...
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judge napolitano: sound just like george iii with assistant tax which let british soldiers go anywhere looking for anything they want to find among the colonists for britain to defend. stuart: if we don't track the how do we know where they are? how are we supposed to kill them? judge napolitano: i don't think we can yet. i am using england as an example. the most civilized of all of us. if the dish stuart: if they were planning to send planes into buildings in america, i don't care where they are. judge napolitano: you have taken this into fantasyland. this is not what the nsa does. the nsa doesn't drone and doesn't kill. the nsa spies and if the nsa is going to argue to catch one person in england they have to spy on everybody there, the constitution says you can't do that and the british people, who usually love authority, stuart: if it is illegal and unconstitutional, why isn't anything ever done about it? on a mass scale for years under the obama administration nothing happened. judge napolitano: illegal for the present to bomb libya and kill gaddafi. stuart: would be illegal? wou
judge napolitano: sound just like george iii with assistant tax which let british soldiers go anywhere looking for anything they want to find among the colonists for britain to defend. stuart: if we don't track the how do we know where they are? how are we supposed to kill them? judge napolitano: i don't think we can yet. i am using england as an example. the most civilized of all of us. if the dish stuart: if they were planning to send planes into buildings in america, i don't care where they...